Four import markets of tens of US billion

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VCN – All four largest import markets of Vietnam with a turnover of US$10 billion or more are in Asia.

Chart. Thai Binh
Chart. Thai Binh

According to the General Department of Customs, from the beginning of the year to August 15, import turnover rose 14.78% or nearly US$30 billion year-on-year to US$231.37 billion.

In which, three groups with a turnover of US$10 billion or more include: computers, electronic products and components, reaching US$53.6 billion; machinery, equipment, tools and spare parts US$28.57 billion; and phones and components US$13 billion.

In the key commodity groups, machinery, equipment, tools and spare parts decreased by about US$500 million year-on-year, while the other two groups maintained high growth.

Notably, all four largest import markets of Vietnam with a turnover of US$10 billion or more are in Asia.

Of which, China continued to rank first with US$71.52 billion, up 13.5% and accounting for 33.1% of the country’s imports.

Followed by South Korea with US$38.16 billion, up 26.6%, accounting for 17.6%; Taiwan US$14.27 billion, up 19.7%, accounting for 6.6%; and Japan US$13.8 billion, up 9%, accounting for 6.4%.

Textiles and garments face many challenges in major import markets Textiles and garments face many challenges in major import markets

Most of Vietnam’s imported goods come from key markets in Asia, especially the largest and important import groups such as computers, electronic products and components; machinery, equipment, tools and spare parts; raw materials for textile, leather and shoe industries; phones and components; and plastic materials.

By Thai Binh/ Huyen Trang

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